[OSGeo Finance] Quickbooks, reserve funds...

[Ken Tamura]

I will reply on this tonight when i have time to read the whole thread.   Quick question first:   the funds contributed that you want to capture as detail, what is the obligation or restriction that deems it necessary to track over time?




Best regards,

Ken Tamura
Geospatial Solutions
415-507-8313  work
415-299-1704  cell

----- Original Message -----
From: finance-bounces at lists.osgeo.org <finance-bounces at lists.osgeo.org>
To: Tyler Mitchell (OSGeo) <tmitchell at osgeo.org>
Cc: Finance List <finance at lists.osgeo.org>
Sent: Wed Oct 15 15:56:23 2008
Subject: Re: [OSGeo Finance] Quickbooks, reserve funds...

Tyler Mitchell (OSGeo) wrote:
> On 15-Oct-08, at 2:35 PM, Frank Warmerdam wrote:
>
>> If not equity, then perhaps it should be listed as a liability?  I
>> see the quickbooks interface supports creating a liability register
>> for funds held in trust which is roughly what we are doing.
>
>
> I think the current trouble is that the GDAL account is considered an
> income account for tracking the sponsorships.  At some point it seems
> the funds need to get moved into a different account that fits that
> "trust" model a bit better.
>
> The current approach was set up before I was using "classes" to track
> stuff on another dimension.  For now, though, you can do almost any
> report (even balance sheet) and then customise it to only show the
> CLASS=GDAL.  Or better yet, the quarterly summary is a good example too.

Tyler,

I have confirmed that by producing customized reports based on the
class "GDAL" I can establish the position of GDAL project funds.  This
just leaves the need for the overall OSGeo balance sheet to represent
restricted funds.

Best regards,
--
---------------------------------------+--------------------------------------
I set the clouds in motion - turn up   | Frank Warmerdam, warmerdam at pobox.com
light and sound - activate the windows | http://pobox.com/~warmerdam
and watch the world go round - Rush    | Geospatial Programmer for Rent

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